Sales of LCD TVs boom

LCD televisions are projected to be among the top three fastest-growing consumer electronic devices between 2003-2009, according to a recent report from In-Stat.

With a combined annual growth rate of 52.3 percent, LCD televisions were second to digital audio players at 57 percent and just ahead of DVD recorders at 52.3 percent, according to In-Stat.

The report, “It’s All in the Eye of the Consumer: 2005 Consumer Electronics Roll-up” also found that analog television sales will decline by 15.3 percent on a combined annual growth rate basis as they are squeezed out by digital televisions.